CMU PHL 318 Exam 2 Questions with
Correct Verified Detailed Answers
Distinction Guaranteed
Introduction:
This document contains the complete set of questions and correct,
verified answers for CMU’s PHL 318 Exam 2, covering ethical
theories, corporate social responsibility (CSR), and key
philosophical concepts. Topics include the narrow and broad views
of CSR, stakeholder theory, employment ethics, moral philosophy
frameworks (utilitarianism, deontology, virtue ethics), and
landmark legal cases. It also explains core concepts such as
autonomy, justice, moral relativism, moral pluralism, and ethical
decision-making principles, providing detailed definitions and
distinctions to support exam preparation.
Exams Question and Answer:
Narrow/Classical View of CSR --- correct answer ---business owes
society nothing more than playing by the rules (managerial
capitalism), Freidman
,Arguments for Narrow/Classical View --- correct answer ---a
corporation is the private property of the owners, businesses
already contribute to society by nature, it should be run in
whatever (legal) way the owners dictate, wrong tool for the job, the
only purpose is to make money for the owners, the business will
only participate in charity if it gets some profitable benefit
(advertising)
The Wide/Broad/Stakeholder View of CSR --- correct answer ---
business has an obligation to give back to society, Freeman
Strong vs. Moderate Wide/Broad/Stakeholder View --- correct
answer ---strong means treat all stockholders the same, moderate
means owners get a leg up
Stakeholder --- correct answer ---persons or groups who may be
affected by a corporation (workers, community, society, owners,
customers)
Limited Liability --- correct answer ---an important legal
protections for businesses and their owners (encourages
investment because it's safe)
Dual Investment View for CSR --- correct answer ---society invests
in business, so business should invest in society
, Strategic Stakeholder Theory --- correct answer ---focuses not on a
company's ethical duties toward stakeholders, but on how taking
care of stakeholders will often pay off purely in business terms
Employment at Will --- correct answer ---the idea that in an
absence of a specific contract to the contrary, a private employer
could fire and employee... for any reason whether moral or not (like
cases principle because employees can quit too)
Federal Protections of EAW --- correct answer ---it is generally
illegal to fire someone for reasons that are descriminatory, or for
reporting certain violations to the government (OASB)
State Protections of EAW --- correct answer ---makes it illegal to
fire for reasons that violate public policy (ex. jury duty)
Exploitation --- correct answer ---when employers use their
bargaining power to take advantage of employees (golden rule:
treat others the way you want to be treated)
Autonomy --- correct answer ---we do not give up our autonomy at
work, we make commitments and follow them
Correct Verified Detailed Answers
Distinction Guaranteed
Introduction:
This document contains the complete set of questions and correct,
verified answers for CMU’s PHL 318 Exam 2, covering ethical
theories, corporate social responsibility (CSR), and key
philosophical concepts. Topics include the narrow and broad views
of CSR, stakeholder theory, employment ethics, moral philosophy
frameworks (utilitarianism, deontology, virtue ethics), and
landmark legal cases. It also explains core concepts such as
autonomy, justice, moral relativism, moral pluralism, and ethical
decision-making principles, providing detailed definitions and
distinctions to support exam preparation.
Exams Question and Answer:
Narrow/Classical View of CSR --- correct answer ---business owes
society nothing more than playing by the rules (managerial
capitalism), Freidman
,Arguments for Narrow/Classical View --- correct answer ---a
corporation is the private property of the owners, businesses
already contribute to society by nature, it should be run in
whatever (legal) way the owners dictate, wrong tool for the job, the
only purpose is to make money for the owners, the business will
only participate in charity if it gets some profitable benefit
(advertising)
The Wide/Broad/Stakeholder View of CSR --- correct answer ---
business has an obligation to give back to society, Freeman
Strong vs. Moderate Wide/Broad/Stakeholder View --- correct
answer ---strong means treat all stockholders the same, moderate
means owners get a leg up
Stakeholder --- correct answer ---persons or groups who may be
affected by a corporation (workers, community, society, owners,
customers)
Limited Liability --- correct answer ---an important legal
protections for businesses and their owners (encourages
investment because it's safe)
Dual Investment View for CSR --- correct answer ---society invests
in business, so business should invest in society
, Strategic Stakeholder Theory --- correct answer ---focuses not on a
company's ethical duties toward stakeholders, but on how taking
care of stakeholders will often pay off purely in business terms
Employment at Will --- correct answer ---the idea that in an
absence of a specific contract to the contrary, a private employer
could fire and employee... for any reason whether moral or not (like
cases principle because employees can quit too)
Federal Protections of EAW --- correct answer ---it is generally
illegal to fire someone for reasons that are descriminatory, or for
reporting certain violations to the government (OASB)
State Protections of EAW --- correct answer ---makes it illegal to
fire for reasons that violate public policy (ex. jury duty)
Exploitation --- correct answer ---when employers use their
bargaining power to take advantage of employees (golden rule:
treat others the way you want to be treated)
Autonomy --- correct answer ---we do not give up our autonomy at
work, we make commitments and follow them
